Boston Financial & Equity Corporation recently closed a $1 million lease line with the leader in cross platform ad optimization.
The 8 year old company is rated one of the top 50 of Forbes fastest growing companies. While its revenues have been increasing, the company still burns $500K a month with a year to date net loss of $30 million.
The executive team is made up of online ad industry stars and a strong set of investors and board of directors. They recently raised another $5MM from their current investors as well as additional revolver capacity from their current bank. The company’s first take down was $500,000 of hardware as their need for capacity grows with each new client.